As you may be aware, there has been a lot of volatility in the oil market in the past few months and due to this the importation prices of our petroleum products have been impacted.
Therefore, with the approval and directive of Mr. President and by virtue of Section 6 clause 1 of the Nigerian Petroleum Act, it is my responsibility as Minister of Petroleum Resources to hereby announce a reduction in the pump price of Petroleum Motor Spirit (Petrol) from the current Ninety Seven Naira (=N=97) per litre pump price down to Eighty Seven Naira (=N87=) per litre pump price, effective from twelve (12) midnight Sunday, 18th of January 2015.
Accordingly, I have directed the Petroleum
Products Pricing Regulatory Agency (PPPRA) and the Department of Petroleum
Resources (DPR) to ensure strict compliance of this price adjustment by all
marketing companies.
It is my hope that all Nigerians will
benefit from this adjustment. I thank
you and God Bless you all.
Diezani
Alison-Madueke (Mrs.) CON
Honourable
Minister of Petroleum Resources
382 comments:
«Oldest ‹Older 201 – 382 of 382Seen!
This is long over due, the price of crude dropped over a month ago!!
Hmmm, what can I say? Should I say thank you?
Akuko iro! jisi nu ike, okwo ndi nzuzu ku unu kpo ayi. Onyara nuche yA kwu
Ok but for how long? I never buy car sha!
Someone wants to be reelected this 2015, it's just kinda funny, price people fought for, when it was 100 just came down without no single protest or rally. God knows it's still Buhari I'll vote for.
I hope it makes a significant impact on the lives of d common man
Akuko a nakolu biati! Ndi awuwo. Akwota ife neme. Kisi nu ike na woli onwe unu.
Visit www.blessinghammef
Hmmmm! Wayo people. They wld do anything to win this election. After they win they wld increase it back to 150naira. God is watching them on 7D.
Thumbs up👍....GEJ govt,you're doing great....dats why we the youth wants u back...Feb 2015.
Good news clap
Okay o GEJ ku ishe...GMB all d way!
God abeg Oh...
Election strategies
It's a welcome developement,even though we wished if the reduction was moire than 10naira,but half bread is better than none at all,i don tey since we enjoyed any reduction in any cost of living..well done Mr President carry go biko we dey ur back.., hector writes in from kubwa.
B.S!! Cos election is around the corner, they trying to bribe us out. Msssstttchheeww!!
Correct let it be N47 self
we are not fools oooooooooooo!!!
D difference is d same
Thank God
Election tins,Dia is GOD
For the now... U guys should accept what is given. God abeg oh
Dumb administration, they dnt even know how to cajole people sef, it's so obvious dis reduction is to attract votes for mr failed president, dis reduction could have been done b4 now, you think we're stupid? Well anyway some people will still vote GEJ.
nonesense
@Bukola Adesanya Prices were reduced due to the elections. All na campaign tactics. If it was based on economic principles, would a 50 percent drop in the price of a barrel equate to a 10 naira reduction in price?
People, don't mind them, this is part of their campaign.
Lol. Funny u. Kip telling him I knw he will listen
And so?
I still cannot believe how wicked our Government can be to its citizens the fuel price should at least be 45 naira per litre because the international fuel price has reduced with over 50 percent.
Scam government...
Full meaning of APC-- ASSOCIATION OF PAST CRIMINALS (APC ).check this out;
APC has been consistent in saying that PDP has ruled Nigeria for 16 disastrous years in which corruption, impunity, insurgency, armed robbery and several ills of society held sway. But at a very close look at the APC, I am seeing: 1)Rotimi Amaechi – 8 years speaker; 7 year, Governor under PDP.
2)Atiku Abubakar – 8 years Vice president under PDP. 3)George Akume – 8 years Governor under PDP. 4)Bukola Saraki – 8 years Governor; 2 years, Senator under PDP.
5)Timipre Sylver – 4 years Governor under PDP. 6)Audu Ogbe – 2 years National Chairman of the PDP. 7)Aminu Masari – 4 years as the Speaker, House of Representatives under PDP.
8)Chris Ngige – 3 years Governor under PDP. 9)Rabiu Kwankwaso – 7 years Governor; 3 years Defense minister under PDP.
10)El Rufai – 4 years FCT Minister; 2 years BPE Chairman under PDP.
11)Tambuwal-3years as Speaker House of Reps under PDP; and to cap it all, Obasanjo is the navigator of the APC, a man who spent 8 of the disastrous 16 years as the maximum ruler of Nigeria. It is now clear that APC is a waste basket of the PDP, where the people who created and perpetuated the 16 disastrous years are now dumped. So where is the change coming from?
Are they now saints because they joined APC?Pls be WISE & VOTE WISELY
And the price of cement ? Daniel says so!
Question is, What is the percentage of the fall in crude oil price in the international oil market? From over $100 to $46?
Shameless lots of ignoramous fraudstars. Weeks to élections u are now doing all sorts of rubbish and saying its not politics but positive gestures. Jonathan is the biggest arse hole ive seen in m'y life. And some people are being fooled. O ma se o...*smh*
association of armed robbers,stealing our money and oil.una don lose already, too late
Election gimmick. Too late!
This is a good start for more fuel reduction to come.....
After election, they remove the remaining subsidy and it goes to naira 110. They have to make back campaign money somehow.
That's the problem.
Lol
Calm down bros.
Lol.
At last dey woke up from their slumber. # Due to importation the prices has gone down. God will not forgive ours leader for not utilizing d resources he gave to us free if charge and we cannot refine by our self . mumu leaders and their poor economics and commerce knowledge.
Hahhshahah. Fool me once, shame on you; fool me twice or more, shame shame shame on Nigerians!!!
Kudos indeed!!! U moron it is all part of their campaign strategy!!!! Rubbish it had 2 tk dem dis long jst d way it tuk d foolish GEJ eternity 2 go 2 maiduguri God punish dem all...
What is the relationship between crude price & landing cost of pet products? Semi illiterate.
You are really what you called yourself...MUMU
You must be suffering from stack illiteracy like your slave master GMB.
Price has to do with market trend & not election. Stop thinking like a Conquered Slave.
Na u go depart am. Westerm Mumu slave.
Indeed, because of election. We know his tricks.
Am impress
why are most Nigerians not appreciative something good without being suspicious and ungrateful?
Oil fell more than 50% from $120 to $50 pb but we get only 10% cut. Wish you explained that better.
Meanwhile what about diesel??? You guys ain't getting it. You can't grow and economy and reduce unemployment without energy. Reducing diesel prices impacts better on the economy than fuel. It is used to produce & move goods about.
I am a tiny small scale factory. I use 100 litres of diesel everyday. If I get N10.00 cut at the pump, I could employ 1 more person .....
You can say that again.
Lmao! Easy with the swear words!
Till dat shit is 50naira per litre ur still a fool
Nigerians don't be fooled, this is kiss of death, don't embrace it. A government that is riddled with gross incompetence and stinking corruption cannot, does not have the political will, and will not enforce the implementation of =N=87 per Litre. This is a dumb political strategy to get votes on Valentine Day, that was probably conceptualised by an idiot and being implemented by "area boys economists" How do you tell an independent marketer who bought 33,000 litres of pms and is supposed to sell at =N=97 per litre, to just suddenly adjust his pump price to =N=87 per Litre @ 12 midnight today? How will Okonjo-Iweama, address the budget deficit and fall out from this global oil problem and the current Naira devaluation and inflation ? Deziani, na you biko! Go on with your petroleum abracadabra.
$1.10 answer
Deal with the devil you know. Vote G E J.
Lwkmd @all comment. GMB2015 we need change GEJ has failed us.
Election strategy but anyways ....
Omg!!! How do u sleep @night knowing ur ignorance overwhelms u on a daily basis... y won't Nigerians evr be aware of d happenings around them, well d recent shift in world market has caused dem 2 make ds adjustment and not the F#*king election...
See ur orobo face, which kind uppercut?! Cheap election bull crap...any sane and responsible human can see thru the rhetoric...sorry too little too late....GEJ must go!!
No mind them...wayo ppl
Ignoramus, if it wasn't for election, why didn't they reduce the price since oil prices dropped months back? And oil prices has lost almost a third of it's value, and the stupid govt decides to reduce fuel price by 10kobo....that's probably less than a cent...who's fooling who?
*10 naira
What happened to market forces? Really? This is so rigged. I thought everything was determined by the cost accrued by importers of these distillates!!!
Oga Jona how low can you sink just to hold on to power? Linda take note!
Pls check out dis statement...
"It is my hope that all Nigerians will benefit from this adjustment."
Can someone tell me hw dis is possible or wil b done???
For all those crying out dat dis is done bcos of election. Far frm d truth. Dis is done bcos of wht is on ground just as u just read frm her statement.
So pls, stop blackmailing d govt. Learn to apr8, b caution and positive wit ur choice of words.
Pls check out dis statement...
"It is my hope that all Nigerians will benefit from this adjustment."
Can someone tell me hw dis is possible or wil b done???
For all those crying out dat dis is done bcos of election. Far frm d truth. Dis is done bcos of wht is on ground just as u just read frm her statement.
So pls, stop blackmailing d govt. Learn to apr8, b caution and positive wit ur choice of words.
Oga Jona how low can you sink just to hold on to power? Linda take note!
Oga Jona how low can you sink just to hold on to power? Linda take note!
you are a fool....u think the president actually cares if not for election?Idiot,na cos u never suffer well well.
Oga Jona how low can you sink just to hold on to power? Linda take note!
Pls check out dis statement...
"It is my hope that all Nigerians will benefit from this adjustment."
Can someone tell me hw dis is possible or wil b done???
For all those crying out dat dis is done bcos of election. Far frm d truth. Dis is done bcos of wht is on ground just as u just read frm her statement.
So pls, stop blackmailing d govt. Learn to apr8, b caution and positive wit ur choice of words.
thank u jare!smart one.
Desperate measures. Anything for that vote
what do these people take us for? a fool? SMH OGA con dey go house, you no get shoes, we don buy shoes for you and your generations. madam see as you also fine like say you be queen of england, e never do? cmon move on with life and find other means of making money. sucking Nigerians is enough. Gosh!! this is so fake. Nigerians vote wisely,dont fall for this
what do these people take us for? a fool? SMH OGA con dey go house, you no get shoes, we don buy shoes for you and your generations. madam see as you also fine like say you be queen of england, e never do? cmon move on with life and find other means of making money. sucking Nigerians is enough. Gosh!! this is so fake. Nigerians vote wisely,dont fall for this
Nice move,but I think pms prices can go lower than this(65 naira per litre atleast) considering the crazy drop of oil price in the intl market....
We'll we r happy sha.
Minister,
Where is our $20 billion?
Dumbest election strategy I've ever heard off.The fuel price should be way below the #87 per litre..
Why's she d best ashawo boy?
In the absence of what to write: here's a recipe for making Margarita
Ingredients
Ice cubes
3 ounces tequila
2 ounces freshly squeezed lime juice
1 ounce Simple Syrup, recipe follows
1/2 to 1 teaspoon orange liqueur
1 tablespoon Lime-salt-sugar, recipe follows
Simple Syrup:
1 cup sugar
1 cup water
Lime-salt-sugar:
Zest of one lime
2 tablespoons kosher salt
2 tablespoons sugar
Directions:
Fill a cocktail shaker with ice. Add tequila, lime juice, Simple Syrup and orange liqueur. Cover and shake until mixed and chilled, about 30 seconds. (In general, the drink is ready by the time the shaker mists up.) Place Lime-salt-sugar on a plate. Press the rim of a chilled rocks or wine glass into the mixture to rim the edge. Strain margarita into the glass.
The proverbial Trojan gift! In less than 2 weeks GEJ "sneaked" into Borno and reduced the fuel price! Amazing how powerful the electorate could be. One word- DESPERATION! One hashtag #BRINGBACKOURGIRLS. Maybe if u #bringbackourgirls b4 election u will get my vote. If not, i think its time for change. 6 yrs is okay for u pls. Dont be oloju kokuko!
Bitch, you must either be highly stupid or highly misinformed to make such a comment. It's evident you've not been keeping up with what's been happening in the oil market and the international fall in the price of the product. Well, this doesn't come as a surprise in the very least especially as it's coming from someone whom the only news she gets comes from a blog which focuses primarily on celebrity gossip. Mtscheew. Go educate yourself girl.
Babe, do you even know anything about fuel subsidy? If you do, you'd knoe that it's not the president that fixes oul price, but rather, make it possible for dumbasses like you to afford it from the extravagant price slapped on this product by the oil companies. Please, spend more time educating yourself on these things rather than on LIB listening to and commenting on things that would not impact you or the country in any positive way.
Jesus. You must be really dumb if you don't know that there has been a massive fall in the price of this product in the international market and that "reducing the price" has "NOT been possible all this while". Please people, educate yourself on matters before coming on here to post really uninformed, senseless, annoying and sometimes even insensitive comments.
I dey tell u sandra,jst wait aftr election they wil double it,#mumubottonhasbeenpressedagain#excterra
And after election fuel go cost again,
Immediate effect ke? Na debt 4 dis fuel station people ooo.
Dude, it's obvious u don't own a vehicle that's y u don't know the value of d N10 removed from d price. This is a very welcomed development. And trust me, it's not "bcos of elections" that made pump pricw drop; it doesn't work that way.
Osheeeee!
Dude, do u even know of fuel subsidy? If anyone is to blame for the high prices of petroleum product, it's d oil companies who see no reason to build refineries in the country but rather, import "already exported" crude products from the country and have dem refined and sent back to them where they'll then slap a heavy price tag for the products. This is where the govt comes in in putting a "subsidy" on the product so that stupid citizens like u can even afford the damn product. YOU KNOW WHAT? Seeing all dese comments on here makes me question the 2012 riots and protests held in the country when the government decided to remove fuel subsidy to encourage local refining of the product. It's obvious people just went on protesting without even having an idea of how these things work, what they meant and the possible benefits to the masses.
A mere 10 naira reduction when crude price dropped from 109 to 50 naira. Maybe the thousands that have lost their lives in the north east or the missing Chibok Girls will be impressed but not me.
Crude prices have been falling since Q3 2014 and right now it's less than half the price it used to be so why the sudden reaction by the govt? So yes the reduction is towards the elections and no Jona still doesn't get our votes.
Exactly, starting on Monday oo
#janahaters GO HUG SOME TRANSFORMERS
Dj stelch and co, take note
GEJ 2019
Naija boy
Honestly am not impressed....It's about 3 weeks to election and suddenly this? Coincidence? Well am team GEJ but this fuel price is something that i've been mad about for years because I knew for a fact the subsidy would be just more money for stealing and won't be used for the 'claimed' purpose
LMAO
#janahaters GO HUG SOME TRANSFORMERS
Dj stelch and co, take note
GEJ 2019
Naija boy
#janahaters GO HUG SOME TRANSFORMERS
Dj stelch and co, take note
GEJ 2019
Naija boy
#janahaters GO HUG SOME TRANSFORMERS
Dj stelch and co, take note
GEJ 2019
Naija boy
#janahaters GO HUG SOME TRANSFORMERS
Dj stelch and co, take note
GEJ 2019
Naija boy
Its obvious nigerians are shallow thinkers, the govt isnt subsidising anything anymore. The price of crude dropped by 50% so N10 is nothing. Its cheaper to deregulate now, so we will get pms at about N75-80 and tbe govt gets save about N800b annually. Now they are claiming to subsidize but instead they are making money off we citizens. Stop praising this useless govt
All na wash!
well with the fall in oil prices over the world it was expected guess it came a bit late....well hope it drops further than this#diversificationthewayfoward
Lmaooo Nice write up!!
Fool!! With 10??? Ur Brain must be Leaking
Walahi na yahoo plus plus president . Jibiti of life. No to GEJ
Who's dis fool???
SHAME SHAME SHAME TO YOU AND YOUR BOSS.
Crude has fallen more than half its price and all you could tell well meaning Nigerians is that you are reducing pump price by 10 naira when the actual reduction should have been 50naira.
Shame Shame Shame election loss guaranteed and you will end up in jail
I think so too but at least what needed to be done has finally been done, more reduction sef is needed
Madam, we are not ignorant . We just know this change should have taken effect a long time ago . ESP as an oil producing state.
Fucking BASTARDS!!! Ever since the subsidy had served its purpose effectively it's now u realize its time to slash the price cos of election. This simply means the following;
> Few oil magnates and marketers have raked in billions of Naira from this for years. N10/ litre is what u people are willing to sacrifice from out of the subsidy scam (only God knows from how much Naira per litre u people gain)
> The fact that this was the right step to have been taken since and only executed now shows u have been watching us suffer for what we don't deserve and u all folded your arms while u enjoy the oil subsidy largesse.
> Funny how its now we need the subsidy money the most to serve as a hedge against devaluation is when u slashing the price. That's if u actually made good use of the subsidy money and our reserve funds.
U will only start shooting yourself in the leg if u begin to solve some Nigerian economic problems now in the space of one month which u failed to do in several years u had the chance. This only shows that u know those behind our suffering as a country NIGERIA. Either u support it or u afraid to confront it. All I know is this is medicine after death. Monopoly of govt power by parties is the major problem. No party should feel too comfortable that NIGERIA is their's when they keep fucking up. Read up on "MEN THAT BUILT AMERICA" u will understand what I mean by monopoly of power.
CONCLUSION: I'll vote for Buhari to give him a chance, BUT by God if he messes up then we all vote him OUT again. I feel it's time we give other parties a chance BUT once their elected candidate fucks up then we move onto the next available party even if not well known.
NOTE: I'm not an APC fan, just that Buhari is the only strong candidate other than our current president Jonathan. Sick of politicking...
#TheTruth
what indices did the minister use to arrive at 10 naira reduction. Crude oil sells for less than 50 dollars per barrel at the international market. I would have expected the Federal Government to scrap subsidy entirely following the collapse of crude oil price at the international market. That was what i was expecting. Let the government give us the breakdown of how much a litre of fuel should actually sell following the drop in the price of crude oil. Subsidy should be scraped
Its premium motor spirit,no mind d woman n linda
VOTE GEJ...
LET THE TRANSFORMATION CONTINUE..
NOW THAT'S MY PRESIDO...!!
No mind dem. Dem no know say Nigerians don wise up.
This is a good step in the right direction. I commend the government for reducing the price.
If you want cut d price to 14k per litre. GMB2015
We pray is remains like this...
Gimmick!
Bravo. GEJ
when will our government and politicians stop fooling us in this country????? Na wa oo
when will our government and politicians stop fooling us, nah wa oo
56 before Jonathan bcame president or that he reduced it to 56 from 100+??? Odiegwu
People be wise and think like humans. This has nothing to do with politics, if you are current you will know that oil price has dropped and as such fuel price is dropping all over the world. This has nothing to do with politics. Vote GEJ for forward ever and backword never!
u can never please human, wen he went to Borno dey said it was to late nd it's political. now he orded d minister of ptrlm to reduce d bump price now d same shouting(it is political) nice GEJ 4 least reducing it, it shows dat u r a leader dat listen to d pple.
Hello maya I will like to speak with you privately.. pls add up 2baa2adf
as good as the news sounds, it is a wrong move by Mr president. if at all the reason is not fake, then the Minister o petroleum should have waited until after the election. to me ...this is a wrong move
All na wash joor, tts a way to get our vote and wont work.
Madam solve your myths yourself ITK like you. We don't care. All we know Itz election strategy
Are you for real?? Read and see that out of every 10 comments, 9 are knocks for the GEJ led govt and 1 praise only from your likes...we are wiser.
I believe all this are political tricks to get Pre Jonathan back on sit how I pray it will be permanent
We are funny in this country. We keep saying we want fresh people, now, we have other people contesting to become president, but we don't even know their names not to talk of recognising them, it's as if, it's only GEJ n GMB that are contesting and we feel we have no choice but to choose btw these two, na wa ooo!
All because of elections!!! But, the reduction should be more than N10! It can definitely go lower, but then again we see that the govt doesn't really give a hoot about the masses.
Ds is pure wickedness 2 d fuel station owners, cuz as of lst wik I knw d price 4rm depot bn still b arnd 90 naira plus,witout cost of transportation ooo n many station still get enuf product 4 ground.. Xo Jona go still giv tym
This can definitely go lower than N87.
This is some crazy shii lol at this time of oil price reduction na wen dem decide to dey reduce price lol nigeria we hail thee..
I dont want to hear anything called subsidy of petrol again. And for those of us that says whatever goes up does not come down in Nigeria, this is a testimony. Shout Alleluyia
Hmmm.... Nigerians/Nigeria..no dull moment..its only natural to think this is an election strategy. That's the way I feel o
PLEASE...ALL OF YOU THAT GO TO FILLING STATIONS AND BUY FUEL IN KEGS....STOP GIVING THOSE PUMP ATTENDANTS EXTRA 20, 30, 50, OR 100 NAIRA... THATS CORRUPTION...STOP IT,,...
scam! scam!! scam!!! loloooo
Mr Dummy. how is this supposed to be an uppercut for the opposition? This is all about d forthcoming election after which they will do d unexpected. Use ur brain abeg.
FG/PDP we are not that cheap we will not sell our vote for N10. this is an insult to Nigerians. this is a sign of fear so they know that the masses are important bcos of elections. #GODGOPUNISHTHEM. we shall vote you out "our ear don full for your words our stomach still dey empty"
shut up bitch. I dislike you personally and I'm coming for you
But Linda check am out nah, How can international crude oil prices fall from $146 to $46 and Nigeria makes reduction of JUST N10? It's so unfair, we are suffering in this country oh & do not have the rights to complain. I pray our country changes for good.
Mr know all, dat reduction happened way before the new year, y didn't it drop since it just had to drop few weeks b4 election, gullible Nigerian like u.
then dey crazy may mr jona go die
Not still satisfied abeg. Madam do ur calculation for us to see, we shld be buying fuel for less than N50. We are not fools, enough of dis
I hope they will not start adjusting their fuel pumps...............@Election feb14
When the demand of our oil reduces so will the Price. #Econs101
Actually your the dumb one here, when did oil price fall. Oil price went down since October last year why is it just affecting us nw or are we in another planet??? Think before posting a comment cos we learned and well informed here.
-baby face
God bless Nigeria
Confirm. Yinka I love you I swear, we are not gonna vote den in even if they reduce it to 10# per liter Omo na story
Still Buhari all d way no matter what PDP does . We are no longer stupid
all na political propaganda
#secret admirer
Is nw u knw u will reduce fuel price bcos of election
*It's
Jona's wife
Too little too late. We are overcomers and we did d fuel hike in d past,so no biggy now.
Lol. #onelovefromsnow#
Shout d hell up mumu
Exactly my point...the 10 naira reduction is not enough, whatever the formula they are using to get at the 87 naira.
ALL IN THE NAME OF WINNING ELECTION. GUESS WE ARE WISER IN NIGERIA.
This means we have been taken for a ride for the last 3 years?!?C'mon guys, does this truly mean we are at the whims of our leaders?!?Haba! you knew you could bring the down the price of PMS and you did nothing for 3 years?!?You knew people were suffering as a result and you did nothing?!?and when it suits you, you drop the price?!?All for politics?!?Ah no Sir, you are wicked and inhumane.Nigeria does it not mean anything that you have suffered for 3 years for one man?!?I'm beside myself here. YOU ACTUALLY COULD HAVE, BUT YOU DIDN'T AND EXPECT ME TO JUMP JUST BECAUSE YOU HAVE DONE WHAT YOU WERE INITIALLY VOTED TO DO?? THE QUESTION THUS BECOMES; WHAT OTHER THING HAVE YOU HIDDEN FROM US???
Don't b angry my brother, this change in price is global, Jonathan is not the one controlling the prices, in UK d price also reduced few days back Jonathan is just being honest to reflect these changes almost immediately.
Kip doin de gd work Mr president. God bless nigeria. #oneandonlynwa@gmail.com#
Help me tell her oo
#87 b4 Election.#150 after GEJ wins abi! all na wash.PDP u ve failed u ppl cant be deceiving us! we ar nt to be bot biko nu Abegii Ejor ooo.
oga jona u no sabi play politics! reducing fuel now when election is next month? are u a learner? :p
I would rather say am not surprise cos just few months ago the oil price went down so the tendency to see a reduction in fuel price is not a prank. Too ming you countries like Canada even America buys fuel @ #245
May be we will not understand the bold and strategic step taken by GEJ to decrease the fuel price but its the best thing to do and that is to show that GEJ actually cares about Nigerians.
O boy this woman fine like this?
If this is an election strategy then GEJ and his team are good election strategist, due to the fact that it will impact positively on Nigerians
Nna my brother! I tire.
TeamBuhari(change). Pdp now take us for a fool.
After reading so many comments here it goes to show that Nigeria is filled with illiterates that know how to speak English and are controlled by propaganda. They are so myopic to realise that the world is bigger than Nigeria and that Nigerian Economy does not control the word but rather it's the other way round.
It's a big SHAME on you if you do not know that the global oil price has from over $100 per barrel from just November 2014 to $46 - $50 now. And that is a reason to drop the prices of products.
Please Nigerians try educating yourselves properly before you end up in a foolish man's backyard.
Try learn some economics my dear. It's not by what you can afford but rather the best price available in the market. Oil is a global product and is not controlled by Nigeria.
After reading so many comments here it goes to show that Nigeria is filled with illiterates that know how to speak English and are controlled by propaganda. They are so myopic to realise that the world is bigger than Nigeria and that Nigerian Economy does not control the word but rather it's the other way round.
It's a big SHAME on you if you do not know that the global oil price has from over $100 per barrel from just November 2014 to $46 - $50 now. And that is a reason to drop the prices of products.
Please Nigerians try educating yourselves properly before you end up in a foolish man's backyard.
Good move
Post a Comment